Adani-IHC expand Odisha investment plans to $25bn across 14 projects
Abu Dhabi-based International Holding Company (IHC) and India’s Adani Group have expanded their investment plans in Odisha, outlining INR 2.105 trillion (USD 25 billion) of potential investment across 14 projects spanning metals, critical minerals, energy, chemicals and infrastructure. The...
Odisha CM visits EGA Jebel Ali, highlights NALCO–EGA aluminium partnership
Odisha Chief Minister Mohan Charan Majhi visited Emirates Global Aluminium’s (EGA) Jebel Ali site in Dubai, highlighting the strategic importance of the NALCO–EGA technology licensing partnership in strengthening Odisha’s aluminium industry. During the visit, Majhi emphasised how the collaboration...
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Maxion Wheels to build aluminium wheel plant in India
Maxion Wheels, a division of IOCHPE-MAXION S.A., has announced the formation of a new legal entity, Maxion Wheels Aluminium India Private Limited, for light vehicle aluminium wheels production in Pune, India. The company will produce low pressure die cast aluminium wheels with a high-end wheel...
NALCO unveils Corporate Plan 2032, aims turnover of INR 31,248 crore
National Aluminium Company Limited (NALCO) has presented Corporate Plan (2017-2032) that foresees the company to reach a turnover of INR 31,248 crore and a PAT of INR 3,010 crore by 2032. NALCO said that the new plan expects the company to reach a turnover of INR 18,171 crore with PAT of INR 1,693...
Amafond, Assomet, Assofond to assemble in India on Jan 15-23 2018 to start an Indo-Italian MetalHUB
On the eve of the Italian mission – the most important Italian mission concerning metallurgy – METEF’s president Mario Conserva, has issued the following statement: "Indo-Italian MetalHUB is a joint initiative by the three major Italian metallurgy associations, which together have dedicated...
India’s Endurance Technologies bags new aluminium die casting order from Hyundai Motor
India’s leading automotive component manufacturer and aluminium die-casting producer Endurance Technologies Ltd has bagged an order from Hyundai Motor India. The order worth INR 42 crore involves supply of aluminium die casting parts from its Aurangabad facility during 2018-19. Ramesh Gehaney,...
Nalco mulls a second caustic soda plant to rein in rising aluminium smelting cost
India’s Navaratna public sector enterprise National Aluminium Company Limited (Nalco) is considering plans to open a second caustic soda plant in Odisha’s major seaport town of Paradip. The plant thought to supplement Nalco’s upcoming facility in Dahej- a JV between Gujarat Alkalis & Chemicals...
Ball Corporation receives 2017 Asia CanTech Award for aluminium aerosol deodorant can
Ball Corporation, a leading beverage can maker with production facilities around the globe, announced that it has won a 2017 Asia CanTech Award from CanTech International for its Riya Bindas Mania aluminium aerosol deodorant can for Reacha Cosmetics. The 53-millimeter diameter aluminium aerosol...
India’s bauxite production declines 73% YoY to 7.26 MT in FY17
India’s Ministry of Mines informed Parliament today that bauxite production in the country has dropped by almost 73 per cent to 7,269 thousand tonnes (7.26 million tonnes) in financial year 2016-17. The sharp drop in production from 27,146 thousand tonnes (27.1 million tonnes) in FY 2015-16 can be...
After Zhongwang, Hindalco now among the potential bidders for Aleris
Hindalco Industries Ltd. has reportedly submitted bids for the leading aluminium rolled products manufacturer Aleris. The non-binding offer valued at around US$2.5 billion (including debt) has been made by the India aluminium giant’s U.S. unit, Novelis Inc., sources preferring anonymity said....
RBI directs lead lender State Bank of India to move NCLT seeking insolvency for Anrak Aluminium
As reported by Economic Times, after the rejection of the insolvency petition filed by Anrak Aluminium by National Company Law Tribunal (NCLT) in the 'interest of the nation', the Reserve Bank of India (RBI) has directed the lead lender State Bank of India to move the tribunal seeking insolvency....
Honda announces plans to set up lithium-ion battery manufacturing facility in India
In the line of electromobility campaign in India, another Japanese carmaker Honda has recently announced plans to set up a lithium-ion battery manufacturing facility in India. Honda Cars India, the Indian arm of the Japanese automotive giant, is currently researching on the type of electric...
Eleven cities across India to get of electric public transport soon
As a significant step towards Government’s mission to switch to all-electric cars by 2030, the Ministry of Heavy Industries has approved the introduction of EV-based public transportation systems in 11 cities across the country. The cities include Delhi, Mumbai, Ahmedabad, Bengaluru, Jaipur,...
India aluminium scrap prices edge higher in tandem with MCX aluminium
Major aluminium scrap commodity prices in India edged higher on Wednesday as spot market witnessed a sudden uptick in demand. The prices of aluminium wire scrap rose from INR 147 per kg to INR 150 per kg, and that of aluminium utensils scrap from INR 122-126 per kg to INR 148 per kg on December 27....
Dell launches ultra-slim notebooks with aluminium body in India
Dell has expanded its Inspiron series with the launch of ultra-slims notebooks. The company has launched three notebooks- “Inspiron 13 7000" 2-in-1 (7373), "Inspiron 15 7000" (7570) and "Inspiron 13 5000" (5370) for the Indian market. Alen Joe Jose, Product Marketing Director, Consumer and Small...
MCX aluminium down on tepid demand, although Indian market closed higher on Dec 26
Indian market put up a good show during end-of-the-day trading hours on Tuesday, December 26, after a lacklustre performance throughout the day. Despite the uptrend in the market, aluminium prices on Multi Commodity Exchange fell by 0.5 per cent to INR 138.90 per kg. Speculators were seen limiting...
CMDC seeks 99.35 hectares of forest land diversion in Chhattisgarh India for bauxite mine
According to a State Government official, Chhattisgarh Mineral Development Corporation Ltd. (CMDC) has sought 99.35 hectares of forest land diversion in Chhattisgarh to develop bauxite mining. CMDC aims to search major and minor minerals and precious stones and seek mining rights for exploration...
Train-20: Aluminium-bodied trainsets for Rajdhani routes
In a first, the Railways will soon roll out 15 aluminium-bodied trainsets A– called Train-20 — on its prestigious Rajdhani routes that will run faster and boast of improved passenger comforts. The aluminium trainsets A– or trains like the Metro or EMUs that do not have locomotives hauling them —...
Universal Aluminium rod maker foresees higher demand
The Star reported that leader Universal Aluminium Sdn Bhd is aiming high to develop and position itself as one of the top five aluminium rod producers in the world within the next five years. Mr Alex Lim Weng Soon MD said the ongoing and new power-related infrastructure projects globally would push...
JSW Steel forays into roofing market with aluminium-zinc coated premium steel solution
Value-addition is “in” in all the industrial metal manufacturing sectors, especially in the emerging economies where infrastructure overhaul is in full swing. India’s JSW Steel recently launched JSW Everglow- an aluminium zinc-coated housing solution made of technologically superior steel. The...
